Thursday, March 31, 2011

Wal-Mart CEO: Inflation Is “going To Be Serious”

Wal-Mart, the world’s biggest retail merchant is working with suppliers to lowering the effect of cost increments and thinks its low-cost business model will positioning it better than its rivals.
Even so, inflation is “going to be dangerous,” Wal-Mart U.S. CEO Bill Simon stated during a discussion with USA TODAY’s editorial panel. “We are seeing cost increases starting to come through at a pretty rapid rate.”
Together with steep increases in crude material

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